Name: Valuation Homework - ENTR 545 Pre B Shares Exit Value Common Stock Distribution Pre A Shares PreFinancing Post A Post B Pre C Shares Post C Silent Partner 2,400 20.00% 12.31% 2,400 8.19% 2,400 $ 3,413,468 President, CTO 1.800 15.00% 9.23% 1,800 1,800 4.27% 2,560, 101 ,440 3.41% Lead Scientist 1,440 12.00% 7.38% 4.91% ,440 7.00% 4.31% 2.86% 1.99% 1,194,714 Regulatory Expert 8.19% 2,400 Chairman 2,400 20.00% 12.31% 2,400 5.69% 3,413,468 Insiders 8,880 74.00% 15.54% 3,880 30.29% 8,880 21.05% 1,200 10.00% 6.15% 1,200 4.09% 1,200 1,706,734 Outsider #1 Outsider #2 720 3.69% 720 2.46% 720 1.71% 1,024,040 1,200 10.00% 6.15% 1,200 4.09% 1,200 2.840 1,706,734 ISO Pool - A Round 7.59% 4,551,291 ISO Pool - B Round 3,200 10.91% 3,200 ISO Pool - C Round 4,700 11.14% 5,684,709 10.00% 6.15% 4.400 9,100 21.57% 12,942,734 Total ISO Pool 1,200 25.92% Total Shares - fully diluted 12,000 100.00% 61.54% 5,200 51.84% 9,900 47.17% 28,303,340 Che 12,000 A Round Return Price per Investor Multiple Num Share share percent Post B Post C X Round A (Prod Dev) Dollars Pre-money Series A 4,000,000 12,000 7,500 38.46% 25.58% 17.78% 4.27 Series A Round Post-money Series A 6,500,000 19,500 February-2 Check Sum 100.00% B Round Price per Investor Dollars Num Shares share percent Post C Round B (Market Launch) Pre B New ISO Pool 3,200 Pre-money Series B 3,500,000 6,621 $ 528.63 15.69% $ 9,416,668 2.69 Series B Round Post-money Series B 15,500,000 528.63 October-21 Check Sum 100.00% C Round Price per Investor Round C (Scale) Dollars Num Shares share percent Pre C New ISO Pool 4,700 Pre-money Series C $ 25,000,000 34,021 Series C Roun $ $ 11,612,903 1.94 6,000,000 734.84 Post-money Series C 42,186 $ 734.84 November-22 Total to Investors Check Sum 52.83% 100.00% Price per share Corporate Partner/Buyout $ 60,000,000 January-24